Don't know the history of Pasminco as I never followed it back then but Wikipedia says 'the adverse impact of a weak Australian dollar on its currency hedging position' was one of the reasons for its demise - another reason given was low commodity prices.
Yes you definitely have to be sure you can produce the metal you are hedging especially if the price increases.
I would have thought that Management at NCZ would now be sure of the amount of metal that they will produce from March next year enabling them to commence a sensible hedging program.
If a bank is going to finance their $100mil Bond to secure the rehabilitation liability to the Qld govt next year, then the bank will require a decent amount of hedging to secure their position.
- Forums
- ASX - By Stock
- NCZ
- Zinc hedging
Zinc hedging, page-11
-
- There are more pages in this discussion • 29 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add NCZ (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
1CG
ONE CLICK GROUP LIMITED
Mark Waller, MD
Mark Waller
MD
Previous Video
Next Video
SPONSORED BY The Market Online